Sako_han

Bitcoin analysis short term

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The Key for bitcoin in the next days is to find support above the red (20ema, weekly) and orange (50ema, weekly) lines! Thats absolute key! Once Bitcoin gets support above the red and orange line the targets are between the two Fib Levels (1.618 and 2.). Bitcoin can also get rejected by the to mentioned lines. If this happens it will be very important for bitcoin to stay above the turquise line (100ema, weeky). We are pretty sure bitcoin will not touch the blue line (200ema, weekly). Generally speaking, bitcoin should go soon much higher then it is now.

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